, with James Hardie, Suncorp, Boral, Dexus, Challenger and Computershare announcing their results today.The Australian dollar rose to 77.03 US cents.On Wall Street, the Dow Jones index closed 237 points higher at 31,386.Tesla CEO Elon Musk is a supporter of bitcoin and other cryptocurrencies.The volatile digital currency bitcoin took another large stride toward mainstream acceptance with Tesla's decision overnight.
The announcements, buried deep in Tesla's 2020 annual report, drove a 13 per cent surge in the world's most widely-held cryptocurrency, to over $US44,000.Investors anticipated other companies would soon join a list of firms that invest in or hold bitcoin, including the world's largest asset manager Blackrock, and payments companies Square and PayPal.AUD: 77 US cents, 56.05 British pence, 63.9 Euro cents, 81.04 Japanese yen, 4.967 Chinese yuan, $NZ1.066Europe: UK : +0.
The news sparked heavy trading in cryptocurrencies and caused exchanges like Coinbase, Gemini, Binance to experience technical issues, according to Coindesk. Some report exchanges including Binance and Kraken were having issues trading, while other also raised the question of whether Mr Musk has been pumping the price of bitcoin while making a major investment in the cryptocurrency.Paying for Tesla cars with bitcoin
A well-known supporter of cryptocurrencies, the Tesla CEO has weighed in regularly on the past month's frenzy in retail investment, also driving up prices of the
I have no idea how do the investers continue to buy the bitcoin forever ? But the investers have invested in NY stocks since NY marcket started.
And when will Tesla pull out of crypto?